2025.3.25 Crypto News

Market makers frequently violate regulations, and the cryptocurrency industry’s fig leaf is being slowly pulled away

According to Binance's official announcement, the market maker previously delisted for violations related to GPS and SHELL has recently been found to be suspected of violations as a MOVE market maker.

Specific situation: On December 10, 2024, the day after the MOVE token was launched, this market maker sold approximately 66 million MOVE tokens, while the buy orders were very few;

The final profit of this market maker before being delisted by the platform on March 18, 2025, was 38 million USDT.

[Commentary] The original purpose of market makers is to provide liquidity support to the market and maintain price stability, but from the disclosed situation, they have instead become tools for reckless profit-seeking and price dumping, completely contradicting the definition of a market maker. However, in the dark forest of the crypto world, unfair practices are everywhere, and how to make oneself strong and profitable is the hard truth.

PS: Market Maker Rules

1. Ensure that both buy and sell orders have corresponding support

2. Ensure there is sufficient order volume at designated depth levels

3. Provide a healthy and stable market depth in the trading market

4. Ensure orders remain for a certain time to avoid high-frequency order cancellations disrupting the market